Open An Account
Free Demo Account Subscribe Here

Category: Trading Guide

Trading guide, as you can understand from the term, is a compilation of tips and tricks that can help you in trading. Whether you are new to the world of trading or are an expert in it, a trading guide is a very useful document.

Moreover, every trading guide has a specific purpose. So, if you are thinking about trading, a trade guide will serve you like a self-help manual. So, whether it is about trading options, metals, grains or any other futures contract– a trading guide has all the information in it.

You don’t need to buy one, for you will able to find a number of them online. We at Cannon Trading help you make the most of your trading ventures. Therefore, we have compiled some of the best trading guides for you to learn from. Listed under this category archive are some trade guides using which you can use to help you succeed in many trading ventures. There is enough information in these guides that can help you master the art of trading futures and options smartly.

Last Trading Day of September | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Economic Reports

divider black 190

1. Market Commentary

Last trading day of the month is upon us and for October I would like to wish everyone a month full of trading patience, of wise money management, of disciplined trading and “picky” trades.

If you will be able to control yourself and implement what I mentioned above, it should be a successful trading month! Continue reading “Last Trading Day of September | Support and Resistance Levels”

Trade With Caution, FOMC Day Tomorrow | Support and Resistance Levels

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. Daily Mini S&P 500 Futures Chart
4. Economic Reports
5. Earnings Releases

divider black 190

1. Market Commentary

 

Front month for Equities (eminis), currencies, bonds and financials and many other markets is now December. You should not be trading almost any September contract of any market.

Note to our clients who are trading with TransactAT:

The latest version is now TransactAT 5.2.2 (download). The newer version can be installed over the older version. Please contact you broker if you need any help.

FOMC tomorrow and before that more than a few economic numbers.

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market- FAST.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility during first couple of hours as well.

My SWING trading model is currently short the mini Russell from 693 ( target around 672, stop around 716) which may not suite everyone’s stomach ahead of the what maybe volatile overnight and tomorrows FOMC session, but chart for your review below.

If you would like to be included on my SWING trade ideas, send me an email. Continue reading “Trade With Caution, FOMC Day Tomorrow | Support and Resistance Levels”

Key Resistance Level in Futures Trading Price Action | Support and Resistance Levels

Posted on by Ilan

Market rallied close to 3% on the SP and Dow Jones. Again it did so on much lighter volume than when it sold off last few weeks but nonetheless one CANNOT argue with price action. We are approaching the 50% retracement level from the highs made on July 8th to lows made Aug 9th. That level on the mini SP is 1212.50. I believe that the 1212 to 1219 zone is an important resistance level to watch. If we break above it with meaningful volume, it may be a sign of further room to the upside, on the other hand if we fail against it and volume picks up with price action going lower, it may be a sign of resumed selling. As always in our business… time will tell. Plenty of economic reports this week, both in the US and in Europe. Last but not least it is the end of the month…. Wishing you great trading this week and Daily chart of the mini SP 500 for your review below.

Daily Futures chart for Mini S&P 500 from August 29th, 2011

Daily Futures chart for Mini S&P 500 from August 29th, 2011

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Continue reading “Key Resistance Level in Futures Trading Price Action | Support and Resistance Levels”

Using Algorithms During High Market Volatility | Support and Resistance Levels

Posted on by Ilan

Another day full of two sided moves and volatility.

This type of trading action works well for a set of studies/ ALGO I developed.

You can see a screen shot below which pretty much speaks for itself.

Minute Futures chart for 10,000 Contracts CVB from August 26th, 2011

Minute Futures chart for 10,000 Contracts CVB from August 26th, 2011

I share my studies and ALGO in two ways.

The first is by having a daily live chart service, where subscribers/ trial members get a unique invitation to view my screen along with live charts, trade signals and trade philosophy. I call it live webinar.

The second method is available for sierra charts / ATcharts users . Those who are interested will get my ALGO/ study pac via email and will be able to apply it on their sierra charts for different markets, different time frames etc.

Both methods are available for a free trial if you did not have one yet.

To read more and request a trial, visit our futures trading webinar page or simply send me an email with your sierra/ ATcharts user name.

Have a great weekend!

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Continue reading “Using Algorithms During High Market Volatility | Support and Resistance Levels”

Trading Beliefs and Market Volatility | Support and Resistance Levels

Posted on by Ilan

We expect volatility to peak as we approach Friday, ahead of the weekend with Fed Chairman Bernanke speaking In Jackson Hole and Quarterly GDP numbers due early.

Plan for the unexpected. If you are a swing / position trader make sure you have enough “cushion” to sustain these volatile moves and make sure you understand your margin requirements and obligations.

On a different note, GREAT article about “Beliefs” and Trading by Dr. Janice Dorn in our weekly newsletter.

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Continue reading “Trading Beliefs and Market Volatility | Support and Resistance Levels”

Futures Trading Levels, Trading Plans

Posted on by Ilan

On Friday I wrote the following regarding today’s session:

I have no idea of what to expect of this market for next week. Probably more volatility?

I guess I will wait and see price action Sunday night and Monday morning before forming an opinion.

Well after today’s price action I favor the downside as I see the close today to be bearish to neutral.

As I wrote before, you can have the right market direction and feel for the market and still lose… Maybe more important is the trading plan, i.e entry level, potential targets and stops etc. or to make it short….PLAN YOUR TRADE, TRADE YOUR PLAN.

Daily chart of the DOW JONES CASH index for your review below:

Daily Futures chart of the Dow Jones Cash Index from August 22nd, 2011

Daily Futures chart of the Dow Jones Cash Index from August 22nd, 2011

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time. Continue reading “Futures Trading Levels, Trading Plans”

Trading the High Volatility Futures Markets

Posted on by Ilan

In this post:

1. Market Commentary
2. Support and Resistance Levels
3. December Mini S&P 500 Continuous Futures chart
4. Economic Reports
5. Highlighted Earnings Releases

divider black 190

1. Market Commentary

What platforms hold up during high volatility futures market trading sessions?

Over the last few weeks and particularly the last 4-5 trading sessions, we have witnessed unprecedented volatility, volume and market speed.

I want to share some of my experience as I have been trading with clients and definitely following the second-to-second moves. I have two very powerful machines along with multiple internet connections that are very fast. I must admit that during these times when the SP moved as much as 20 points in minutes and 10-12 points in seconds, two platforms stood out in keeping up with market data without any delays.

On my two machines I run CQG, eSignal, NINJA, PFG best, MFGlobal and couple more. All very solid, respectable trading and charting packages. However the two that ranked the highest in my opinion in regards to speed, no latency and reliability are TransactAT (TransactAT demo here), and E-Futures (E-Futures demo here). I welcome you to contact us for more information/ feedback and/ or to try a free demo if you not already using one of these two.

On a different note, below you will see a screen shot from today’s live trading signals webinar I hold DAILY. If you have not had the trial before, feel free to register and come visit the live charts and the set ups I share real time.

You can also sign up for my real time intraday charts service. Continue reading “Trading the High Volatility Futures Markets”

Futures Trading Levels, Proceed With Caution – Live to Trade Another Day

Posted on by Ilan

To add to such high volatility, we will have FOMC tomorrow morning.

THESE ARE NOT NORMAL MARKET CONDITIONS TO SAY THE LEAST.

If you normally trade 4 lots, I suggest you trade 1 contract or even just stay out of the market.

If you normally trade 50 lots, you may want to reduce your trading size to 10 lots.

Yes, the wide range provide many opportunities but they also provide the risk of getting your account wiped out.

SURVIVE TO TRADE ANOTHER DAY…..

When markets trade with such high volatility, one must understand the enviroment one is trading in, which is quite different from the environment of few weeks ago.

Ranges are wider, speed is faster and volume is higher. You must take that into account, adjust your trading accordingly and make sure that you set limits as far as your daily risk is concerned and don’t allow one trade or one trading day to wipe your trading account.

WITH THE INCREASING DAILY RANGES, IT WOULD BE WISE TO VISIT THE FOLLOWING LINK AND STAY UPDATED ON DAILY LIMIT MOVES, JUST IN CASE:

>>>Daily Limit Moves from the CME Group (.pdf)

>>>Daily Limit Moves from The ICE (.pdf)

LAST BUT NOT LEAST, WEEKLY CHART OF MINI RUSSELL 2000 FOR LONGER TERM VIEW:

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Weekly Chart of the Mini Russell 2000 from August 8th, 2011

Continue reading “Futures Trading Levels, Proceed With Caution – Live to Trade Another Day”

Futures Trading Levels, Early FOMC Release Tomorrow

Posted on by Ilan

Cannon Trading / E-Futures.com

FOMC tomorrow. Keep in mind that the statement now comes out earlier than before, it comes out around 12:30 pm EST and then there is a press conference during the time FOMC used to come out at, around 2:15 PM EST.

Refer to your notes from last FOMC.

Please read below and look at a 5 minutes chart from the last FOMC day . Pay attention to how volume dries up right before and the big spike in volume and price action right during and after the announcement.

Intraday Mini S&P 500 Chart from June 21st 2011

Intraday Mini S&P 500 Chart levels for Monday June 21st, 2011

FOMC days have different characteristics than other trading days. If you have traded for a while, check your trading notes from past FOMC days that may help you prepare for tomorrow.

If you are a newcomer, take a more conservative approach and make sure you understand that the news can really move the market.

My observations suggest choppy, low volume up until announcement, followed by some some sharp volatile moves right during and after the announcement. However, with tomorrow early morning reports, we may see more volatility during first couple of hours as well. Continue reading “Futures Trading Levels, Early FOMC Release Tomorrow”

RISK DISCLOSURE: Past results are not necessarily indicative of future results. The risk of loss in futures trading can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.